$450,000
$485,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
507 Delaware AVE Portland Borough, PA 18351
5 Beds
5 Baths
4,500 SqFt
Key Details
Sold Price $450,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $100
Subdivision Not In Development
MLS Listing ID 750177
Sold Date 02/27/25
Bedrooms 5
Full Baths 5
Construction Status Unknown
HOA Y/N No
Year Built 1890
Annual Tax Amount $3,935
Lot Size 3,528 Sqft
Acres 0.081
Property Sub-Type Apartment
Property Description
Stunning Turnkey Investment Property in Historic Portland
This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established.
Recent upgrades include new electrical panel boxes installed in the three upstairs units. Additionally, Unit 2A was fully remodeled in 2022, and Unit 2C underwent renovations when purchased. This property provides an excellent opportunity to add a lucrative asset to your portfolio, with solid passive income and potential for growth.
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Location
State PA
County Northampton
Area Portland
Direction Route 611 to Delaware Ave Portland. Building has Alexandra & Nicolay Chocolate shop in it.
Interior
Heating Baseboard, Electric, Hot Water
Cooling Wall/Window Unit(s)
Flooring Carpet, Hardwood
Fireplace No
Laundry Washer Hookup
Exterior
Parking Features On Street
Utilities Available Cable Available
Water Access Desc Public
Total Parking Spaces 5
Building
Story 2
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Bangor
Others
Senior Community No
Tax ID B11SE3C6 14 0127
Security Features Smoke Detector(s),Fire Escape
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition None
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